Industrial Investment for Auction Surrey RH9

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Auction date: Tue, 09/07/2024 - 12:00

Guide Price £2,700,000 - £2,900,000. Substantial freehold trade and retail investment. A trade and retail builders' merchant with associated yard and buildings totalling 15,335 sq ft, covering approximately 4.82 acres (1.95 ha). The property comprises a detached building at the entrance to the site providing a showroom and reception, with a rear office on the ground floor, and office/staff facilities on the first floor. There is also a detached single-storey portal frame warehouse, two open-sided steel portal frame warehouses and a two-storey link building, which provides kitchen/ancillary accommodation. The property benefits from a substantial weighbridge, along with approximately 25 marked car parking spaces, with scope for future parking if required. Lease expires July 2029 (subject to option) - Tenant option to renew in January 2029. Important rent review July 2024 - Notice served at £285,000 pa. Future development potential (subject to lease and consents). Extensive site area providing a very low site coverage of 7%. VAT-free investment. Affluent location. Rent £220,000 per annum exclusive. 

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